Retirement Target 35/35/25/5 - 2016_2025

Asset Allocation

Position	Category/Sector	Target Weight
AQMIX AQR Managed Futures Strategy Fund	Systematic Trend	6.66%
BIL SPDR Barclays 1-3 Month T-Bill ETF	Government Bonds	6.67%
BKLN Invesco Senior Loan ETF	High Yield Bonds	8.25%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	Short-Term Bond	5%
DODGX Dodge & Cox Stock Fund Class I	Large Cap Value Equities	3.90%
FISMX Fidelity International Small Cap Fund	Foreign Small & Mid Cap Equities	5%
GBTC Grayscale Bitcoin Trust (BTC)	Financial Services	2.50%
GLD SPDR Gold Shares	Gold, Precious Metals	6.67%
JMSIX JPMorgan Income Fund	Multisector Bonds	5%
MALOX BlackRock Global Allocation Fund	Global Allocation	15%
RLY SPDR SSgA Multi-Asset Real Return ETF	Hedge Fund, Actively Managed	10%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	Total Bond Market	5%
VT Vanguard Total World Stock ETF	Global Equities	15.35%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	Inflation-Protected Bonds	5%

Benchmark Against

Benchmark

S&P 500 Index

Rebalance

Performance

Performance Chart

The chart shows the growth of an initial investment of $10,000 in Retirement Target 35/35/25/5 - 2016_2025, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced Every 3 months.

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The earliest data available for this chart is May 4, 2015, corresponding to the inception date of GBTC

Returns By Period

As of Apr 2, 2026, the Retirement Target 35/35/25/5 - 2016_2025 returned 1.94% Year-To-Date and 10.25% of annualized return in the last 10 years.

	1D	1M	YTD	6M	1Y	3Y*	5Y*	10Y*
Benchmark S&P 500 Index	0.11%	-3.43%	-3.84%	-1.98%	16.08%	16.86%	10.37%	12.29%
Portfolio Retirement Target 35/35/25/5 - 2016_2025	-0.11%	-1.36%	1.94%	4.00%	15.81%	13.39%	8.30%	10.25%
Portfolio components:
MALOX BlackRock Global Allocation Fund	0.90%	-2.94%	-1.32%	1.48%	17.23%	11.83%	4.89%	7.77%
DODGX Dodge & Cox Stock Fund Class I	0.25%	-3.79%	-1.41%	0.98%	7.46%	14.05%	9.43%	12.58%
FISMX Fidelity International Small Cap Fund	1.58%	-1.84%	1.36%	3.40%	19.73%	11.72%	5.68%	8.44%
RLY SPDR SSgA Multi-Asset Real Return ETF	0.69%	2.01%	15.69%	20.20%	31.13%	12.84%	12.16%	8.92%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	0.08%	-0.44%	0.23%	1.22%	4.20%	4.23%	1.70%	1.98%
JMSIX JPMorgan Income Fund	0.12%	-0.81%	-0.06%	1.33%	5.27%	6.44%	2.81%	3.96%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	0.00%	-1.53%	-0.28%	0.30%	3.78%	3.52%	0.20%	1.61%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	0.23%	0.26%	1.11%	1.40%	4.15%	4.67%	3.51%	3.08%
BIL SPDR Barclays 1-3 Month T-Bill ETF	0.02%	0.31%	0.90%	1.85%	4.01%	4.71%	3.28%	2.13%
BKLN Invesco Senior Loan ETF	0.15%	1.71%	-0.94%	1.09%	5.87%	7.64%	5.10%	4.48%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Monthly Returns

Based on dividend-adjusted daily data since May 5, 2015, Retirement Target 35/35/25/5 - 2016_2025's average daily return is +0.04%, while the average monthly return is +0.75%. At this rate, your investment would double in approximately 7.7 years.

Historically, 64% of months were positive and 36% were negative. The best month was May 2017 with a return of +8.4%, while the worst month was Mar 2020 at -8.2%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 5 months.

On a daily basis, Retirement Target 35/35/25/5 - 2016_2025 closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +3.7%, while the worst single day was Mar 12, 2020 at -5.0%.

	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec	Total
2026	2.99%	1.81%	-3.20%	0.42%									1.94%
2025	2.38%	0.25%	-0.04%	1.13%	2.53%	2.38%	0.28%	2.06%	2.65%	0.79%	0.64%	0.95%	17.16%
2024	-0.15%	3.10%	3.31%	-1.58%	2.47%	-0.11%	1.32%	1.04%	1.83%	-0.99%	2.69%	-1.65%	11.68%
2023	5.18%	-2.21%	2.77%	0.89%	-1.57%	3.06%	1.93%	-1.12%	-1.72%	0.21%	4.43%	3.42%	15.97%
2022	-1.61%	0.16%	1.42%	-3.15%	0.01%	-5.20%	3.25%	-2.16%	-5.17%	3.17%	3.60%	-1.54%	-7.46%
2021	-0.05%	2.17%	1.59%	2.25%	1.03%	-0.69%	0.68%	0.90%	-1.80%	3.58%	-2.45%	1.35%	8.71%

Benchmark Metrics

Retirement Target 35/35/25/5 - 2016_2025 has an annualized alpha of 4.55%, beta of 0.38, and R² of 0.68 versus S&P 500 Index. Calculated based on daily prices since May 05, 2015.

This portfolio participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (51.38%) than losses (43.27%) — typical of diversified or defensive assets.
This portfolio generated an annualized alpha of 4.55% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.
Beta of 0.38 indicates this portfolio moves significantly less than S&P 500 Index — a genuinely defensive profile with reduced participation in both market rallies and downturns.

Alpha: 4.55%

Beta: 0.38

R²: 0.68

Upside Capture: 51.38%

Downside Capture: 43.27%

Expense Ratio

Retirement Target 35/35/25/5 - 2016_2025 has an expense ratio of 0.45%, placing it in the medium range. Below, you can find the expense ratios of the portfolio's funds side by side and easily compare their relative costs.

Top 10 holdings

AQMIX

AQR Managed Futures Strategy Fund

FISMX

Fidelity International Small Cap Fund

MALOX

BlackRock Global Allocation Fund

BKLN

Invesco Senior Loan ETF

DODGX

Dodge & Cox Stock Fund Class I

RLY

SPDR SSgA Multi-Asset Real Return ETF

JMSIX

JPMorgan Income Fund

GLD

SPDR Gold Shares

BIL

SPDR Barclays 1-3 Month T-Bill ETF

Vanguard Total World Stock ETF

Return for Risk

Risk / Return Rank

Retirement Target 35/35/25/5 - 2016_2025 ranks 85 for risk / return — in the top 85% of portfolios on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.

Overall Rank

Sharpe Ratio Rank

Sortino Ratio Rank

Omega Ratio Rank

Calmar Ratio Rank

Martin Ratio Rank

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

Return / Risk — by metrics

	Portfolio	Benchmark	Difference
Sharpe ratio Return per unit of total volatility	1.91	0.88	+1.03
Sortino ratio Return per unit of downside risk	2.66	1.37	+1.29
Omega ratio Gain probability vs. loss probability	1.40	1.21	+0.19
Calmar ratio Return relative to maximum drawdown	2.73	1.39	+1.34
Martin ratio Return relative to average drawdown	12.67	6.43	+6.23
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

How much return does each position deliver for the risk it carries? Higher values mean better reward for the risk taken.

	Risk / Return Rank	Sharpe ratio	Sortino ratio	Omega ratio	Calmar ratio	Martin ratio
MALOX BlackRock Global Allocation Fund	80	1.61	2.31	1.32	2.18	9.32
DODGX Dodge & Cox Stock Fund Class I	15	0.51	0.80	1.12	0.67	2.79
FISMX Fidelity International Small Cap Fund	68	1.48	1.95	1.30	1.91	6.87
RLY SPDR SSgA Multi-Asset Real Return ETF	93	2.36	3.07	1.48	3.15	18.59
BSV Vanguard Short-Term Bond Index Fund ETF Shares	91	2.11	3.37	1.42	3.21	12.06
JMSIX JPMorgan Income Fund	93	2.03	3.57	1.50	3.22	11.97
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	31	0.85	1.24	1.15	1.46	4.10
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	93	2.18	3.31	1.47	4.13	13.26
BIL SPDR Barclays 1-3 Month T-Bill ETF	100	19.57	254.91	180.89	367.86	4,130.10
BKLN Invesco Senior Loan ETF	73	1.38	2.16	1.39	1.91	7.15

Sharpe Ratio

The Sharpe ratio helps investors understand how much return they're getting for the level of risk taken. A higher Sharpe ratio indicates better risk-adjusted performance, meaning more reward for each unit of risk.

Retirement Target 35/35/25/5 - 2016_2025 Sharpe ratios as of Apr 2, 2026 (values are recalculated daily):

1-Year: 1.91
5-Year: 1.06
10-Year: 1.21
All Time: 1.09

These values reflect how efficiently the investment has delivered returns relative to its volatility over different time periods. All figures are annualized and based on daily total returns (including price changes and dividends).

Compared to the broad market, where average Sharpe ratios range from 1.00 to 1.68, this portfolio's current Sharpe ratio is in the top 25%. This signifies superior risk-adjusted performance, meaning the portfolio is delivering strong returns for the level of risk taken compared to most others.

The chart below shows the rolling Sharpe ratio of Retirement Target 35/35/25/5 - 2016_2025 compared to the selected benchmark. This view highlights how the investment's risk-adjusted performance has changed over time.

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Dividends

Dividend yield

Retirement Target 35/35/25/5 - 2016_2025 provided a 4.34% dividend yield over the last twelve months.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Portfolio	4.34%	4.42%	4.30%	3.40%	4.19%	4.85%	3.48%	3.42%	3.28%	2.65%	1.91%	3.37%
Portfolio components:
MALOX BlackRock Global Allocation Fund	9.34%	9.22%	7.68%	1.54%	6.01%	10.32%	10.15%	5.68%	5.50%	4.81%	2.10%	9.86%
DODGX Dodge & Cox Stock Fund Class I	9.86%	9.86%	8.20%	3.76%	5.47%	3.22%	6.74%	10.23%	9.69%	6.78%	6.26%	5.36%
FISMX Fidelity International Small Cap Fund	3.53%	3.58%	2.64%	1.87%	0.70%	7.28%	0.83%	2.32%	6.14%	2.46%	2.70%	2.80%
RLY SPDR SSgA Multi-Asset Real Return ETF	2.90%	3.24%	3.31%	3.71%	5.66%	12.15%	2.16%	3.45%	2.76%	1.85%	2.07%	1.80%
BSV Vanguard Short-Term Bond Index Fund ETF Shares	3.93%	3.83%	3.38%	2.46%	1.50%	1.45%	1.79%	2.29%	1.99%	1.65%	1.48%	1.40%
JMSIX JPMorgan Income Fund	5.51%	5.95%	5.78%	4.43%	4.78%	4.00%	4.95%	5.10%	5.43%	5.42%	0.46%	0.00%
VBTIX Vanguard Total Bond Market Index Fund Institutional Shares	3.62%	3.88%	3.69%	3.12%	2.61%	1.81%	2.41%	2.75%	2.58%	2.56%	2.54%	2.84%
VTIP Vanguard Short-Term Inflation-Protected Securities ETF	3.62%	3.81%	2.70%	2.86%	6.84%	4.68%	1.20%	1.95%	2.45%	1.52%	0.76%	0.00%
BIL SPDR Barclays 1-3 Month T-Bill ETF	3.96%	4.13%	5.03%	4.92%	1.35%	0.00%	0.30%	2.05%	1.66%	0.68%	0.07%	0.00%
BKLN Invesco Senior Loan ETF	7.03%	6.95%	8.41%	8.59%	4.93%	3.11%	3.56%	4.86%	4.52%	3.50%	4.54%	4.12%

Drawdowns

Drawdowns Chart

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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Worst Drawdowns

The table below displays the maximum drawdowns of the Retirement Target 35/35/25/5 - 2016_2025. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Retirement Target 35/35/25/5 - 2016_2025 was 19.11%, occurring on Mar 23, 2020. Recovery took 87 trading sessions.

The current Retirement Target 35/35/25/5 - 2016_2025 drawdown is 2.92%.

Depth	Start	To Bottom	Bottom	To Recover	End	Total
-19.11%	Feb 20, 2020	23	Mar 23, 2020	87	Jul 27, 2020	110
-14.02%	Dec 19, 2017	255	Dec 24, 2018	124	Jun 24, 2019	379
-14.01%	Nov 10, 2021	222	Sep 27, 2022	286	Nov 15, 2023	508
-8.61%	May 15, 2015	172	Jan 20, 2016	94	Jun 3, 2016	266
-6.66%	Feb 21, 2025	33	Apr 8, 2025	17	May 2, 2025	50

Volatility

Volatility Chart

The chart below shows the rolling one-month volatility.

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Diversification

Diversification Metrics

Number of Effective Assets

The portfolio contains 14 assets, with an effective number of assets of 11.01, reflecting the diversification based on asset allocation. This number of effective assets suggests that the portfolio's investments are spread across a variety of assets, indicating a well-diversified allocation. However, true diversification also depends on the correlations between assets.

Asset Correlations Table

The table below displays the correlation coefficients between the individual components of the portfolio, the entire portfolio, and the chosen benchmark.

	Benchmark	BIL	AQMIX	GBTC	GLD	VBTIX	BSV	VTIP	JMSIX	BKLN	RLY	DODGX	FISMX	VT	MALOX	Portfolio
Benchmark	1.00	0.01	-0.03	0.25	0.02	-0.07	-0.04	0.08	0.22	0.56	0.61	0.85	0.67	0.95	0.89	0.78
BIL	0.01	1.00	0.02	0.01	0.05	0.01	0.07	0.03	0.01	0.01	0.02	-0.01	0.00	0.01	0.01	0.02
AQMIX	-0.03	0.02	1.00	-0.01	0.05	-0.17	-0.15	-0.10	-0.15	-0.07	-0.01	-0.05	-0.07	-0.04	-0.03	0.04
GBTC	0.25	0.01	-0.01	1.00	0.09	0.01	0.01	0.05	0.09	0.17	0.20	0.21	0.19	0.25	0.26	0.55
GLD	0.02	0.05	0.05	0.09	1.00	0.35	0.39	0.37	0.23	0.06	0.32	-0.01	0.22	0.10	0.21	0.32
VBTIX	-0.07	0.01	-0.17	0.01	0.35	1.00	0.82	0.52	0.56	0.00	-0.02	-0.15	0.02	-0.05	0.06	0.07
BSV	-0.04	0.07	-0.15	0.01	0.39	0.82	1.00	0.61	0.53	0.00	0.03	-0.11	0.06	-0.01	0.10	0.11
VTIP	0.08	0.03	-0.10	0.05	0.37	0.52	0.61	1.00	0.45	0.10	0.29	0.06	0.19	0.12	0.21	0.24
JMSIX	0.22	0.01	-0.15	0.09	0.23	0.56	0.53	0.45	1.00	0.25	0.24	0.19	0.35	0.26	0.35	0.33
BKLN	0.56	0.01	-0.07	0.17	0.06	0.00	0.00	0.10	0.25	1.00	0.47	0.53	0.51	0.58	0.56	0.54
RLY	0.61	0.02	-0.01	0.20	0.32	-0.02	0.03	0.29	0.24	0.47	1.00	0.68	0.67	0.70	0.70	0.76
DODGX	0.85	-0.01	-0.05	0.21	-0.01	-0.15	-0.11	0.06	0.19	0.53	0.68	1.00	0.67	0.86	0.80	0.74
FISMX	0.67	0.00	-0.07	0.19	0.22	0.02	0.06	0.19	0.35	0.51	0.67	0.67	1.00	0.80	0.81	0.76
VT	0.95	0.01	-0.04	0.25	0.10	-0.05	-0.01	0.12	0.26	0.58	0.70	0.86	0.80	1.00	0.95	0.85
MALOX	0.89	0.01	-0.03	0.26	0.21	0.06	0.10	0.21	0.35	0.56	0.70	0.80	0.81	0.95	1.00	0.87
Portfolio	0.78	0.02	0.04	0.55	0.32	0.07	0.11	0.24	0.33	0.54	0.76	0.74	0.76	0.85	0.87	1.00

The correlation results are calculated based on daily price changes starting from May 5, 2015

Retirement Target 35/35/25/5 - 2016_2025

Asset Allocation

Performance

Performance Chart

Returns By Period

Monthly Returns

Benchmark Metrics

Expense Ratio

Top 10 holdings

Return for Risk

Risk / Return Rank

Return / Risk — by metrics

Sharpe ratio

Sortino ratio

Omega ratio

Calmar ratio

Martin ratio

Sharpe Ratio

Dividends

Dividend yield

Drawdowns

Drawdowns Chart

Worst Drawdowns

Volatility

Volatility Chart

Diversification

Diversification Metrics

Number of Effective Assets

Asset Correlations Table